§ 14-29. Authority established; purposes.

(a)

There is established in the county a high technology development authority to be known as the Tennessee Technology Corridor Development Authority.

(b)

The Authority shall be established for the purposes of:

(1)

Developing and adopting jointly with the planning commission a comprehensive development plan for the Tennessee Technology Corridor as delineated elsewhere in this article.

(2)

Developing, adopting, and administering site design and development standards in cooperation with the planning commission for the Technology Corridor to ensure a high quality living and working environment conducive to the requirements of high technology business.

(3)

Effecting sound development of the designated area through the financing, construction, renovation or modification of public service facilities in cooperation with the municipalities and utility districts as deemed necessary and appropriate for the location, siting, maintenance, and support of high technology business development.

(4)

Acquiring, holding, improving, managing, and disposing of lands within the designated area which are suitable for the various purposes herein set forth and for use by research and development, manufacturing, processing or fabricating plants, or other businesses, industries or institutions which, by their advanced technological nature and siting requirements, seek a location within the designated area.

(Priv. Acts 1983, ch. 148, § 4; Ord. No. O-90-9-114, § 4, 9-10-90)